Yes, overall market must always be factored in - BUT this selloff is now utterly absurd. Do people not know about Fosterville with its negative gold AISC (offset by the Antimony credits ??) DYOR. And don't they see that SXG has the next in line and that the returned intercepts and grades so far might make Fostervile a little brother. DYOR.
Don't worry, retrace is at the 50% line from the last upturn, most stocks will bounce around that level for a bit and advance when news gets fully factored in.
You also have to look at other goldies and see where the money is flowing - the total capital is limited to some extent. Yesterday one of Mark Creasy's plays went ballistic so SXG was overlooked in the excitement. I hold both (and MAW.CA) so I'm happy.
Just IMO. always take care.
Ann: High-Grade Mineralisation continues in Drill Hole SDDSC050, page-32
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Last
$3.09 |
Change
-0.110(3.44%) |
Mkt cap ! $613.2M | |||
| Open | High | Low | Value | Volume |
| $3.20 | $3.20 | $3.02 | $486.4K | 156.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7455 | $3.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 255 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SXG (ASX) Chart |